EDC Financial Programs
High-Tech Loan Pool, Revolving Loan
Fund,
Capital Equipment Loan,
Family & Friends
Innovation Fund
Many programs exist to assist your business with its financing needs. This section provides links to key service providers of government related programs that can work separate from or in concert with commercial loans from area financial institutions.
The number and variety of business financial programs can be confusing. The EDC staff recommends contacting our office to discuss your project.
High-Tech Loan Pool
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Fosters economic growth and technology development in the Eau Claire area. The loan pool is a form of non-traditional financing for high-tech companies that cannot secure a loan elsewhere because of the lack of collateral.
Revolving Loan Pool
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Funds businesses expanding or locating in Eau Claire County with a primary focus on rural businesses, value-added agricultural businesses, small businesses and businesses with limited or no access to other economic development financing.
Capital Equipment Loan
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Provides short-term low interest loans to existing Eau Claire County businesses that purchase capital equipment and create jobs.
Family & Friends Innovation Fund
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Funds a portion of the research or outside technical assistance that is needed by existing businesses and/or entrepreneurs seeking to bring a technological advancement to the marketplace.
Local and State
Financing Alternatives
This is not an all inclusive list, but should assist in identifying key resources that support businesses in various stages of development.
View Financing Investors.
City of Eau Claire
View website.
715.839.4914
Offers financial programs to facilitate business growth within the City limits.
Chippewa Valley Angel
Investors Network
View website.
715.878.9791
Invests in high-growth, early-stage companies in the Chippewa Valley that have exhausted their personal resources and need additional financing in order to bring their company to fruition.
WI Department of Commerce
View website.
715.836.2630
Offers business helpline which you can call to request the free publication.
WI Housing and Economic Development Authority (WHEDA)
View website.
800.334.6873
Offers several small business financing programs (direct loans and loan guarantees) that work to advance small and agricultural related businesses.
West Central Regional Planning
View website.
715.836.2918
Offers athe Regional Business Fund, Inc. (RBF), a revolving loan fund to address the gap in private capital markets for long-term, fixed-rate, low down-payment, and low-interest financing. It is targeted to businesses in the counties of Barron, Chippewa, Clark, Dunn, Eau Claire, and St. Croix.